KUALA LUMPUR (Dec 30): theedgemarkets.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon close today. Only one stock displayed positive momentum, while 13 showed negative momentum.
The stock with positive momentum was:
JKG Land Bhd – up one sen at 11 sen
The stocks with negative momentum were:
CN Asia Corp Bhd – up 34 sen at RM2.02
Dynaciate Group Bhd – unchanged at 13 sen
Ecobuilt Holdings Bhd – up one sen at 21.5 sen
Ivory Properties Group Bhd – up one sen at 19.5 sen
LBI Capital Bhd – up four sen at 70.5 sen
Mudajaya Group Bhd – up two sen at 32 sen
Parkson Holdings Bhd – up 1.5 sen at 21 sen
SBC Corp Bhd – up five sen to 45 sen
Sealink International Bhd – up 6.5 sen at 23.5 sen
Shin Yang Shipping Corp Bhd – up 3.5 sen at 37 sen
Theta Edge Bhd – up 21 sen to 85.5 sen
Toyo Ventures Holdings Bhd – up 30 sen at RM1.30
United U-Li Corp Bhd – up 10 sen at RM1.18
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.